Wholesale food prices have seen a notable increase, with fresh and dry vegetable prices surging by 27% last month, following a 31% rise the month before. Overall, wholesale food prices have risen 1.7% compared to a year ago, ending a three-month decline. Contributing factors include adverse weather conditions affecting crops and rising fuel costs linked to the ongoing conflict in Iran. Consumers are beginning to feel the impact, as grocery prices rose 0.4% last month, the largest increase in six months.
Key facts
- Wholesale fresh and dry vegetable prices surged 27% last month.
- Overall wholesale food prices are up 1.7% year-over-year.
- Truck freight costs increased nearly 25% over the past year.
- Grocery prices rose 0.4% last month, the largest increase in six months.
- Lettuce prices increased by nearly 8% last month.
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